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7405 Highway 62 7,686 SF 100% Leased Retail Building White City, OR 97503 $2,687,373 CAD ($349.65 CAD/SF)
Executive Summary
Fully stabilized, 100% leased NNN retail center purpose-built for passive income replacement. $125,125 NOI in place at close -- no lease-up, no vacancy risk, no landlord obligations. Three essential-use tenants (food & beverage, national franchise, dental services) across 7,686 SF with all leases running through 2030. WALE of 4.39 years delivers the income certainty 1031 buyers require. Weighted average annual rent escalations of 2.32% provide inflation-aligned growth without renegotiation. True NNN structure -- tenants pay all taxes, insurance, and CAM. Net cost to owner: $0. Positioned at the high-traffic Hwy 62 & Hwy 140 intersection in White City's premier commercial node, adjacent to the Medford MSA.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
7,686 SF
Building Class
C
Year Built
1999
Price
$2,687,373 CAD
Price Per SF
$349.65 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
1.28 AC
Opportunity Zone
Yes
Zoning
C-G - "GC" stands for General Commercial. This zoning designation allows for a variety of commercial uses, including retail, service, and office buildings.
Parking
72 Spaces (9.37 Spaces per 1,000 SF Leased)
Frontage
1,200’ on 7405 HWY 62
Amenities
- Corner Lot
- Restaurant
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
- Monument Signage
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 10258209 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $2,221,920 CAD |
Property Taxes
Parcel Number
10258209
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$2,221,920 CAD
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7405 Highway 62
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